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Bonds Payable has a balance of $1,189,000 and Discount on Bonds Payable has a balance of $14,268. If the issuing corporation redeems the bonds at

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Bonds Payable has a balance of $1,189,000 and Discount on Bonds Payable has a balance of $14,268. If the issuing corporation redeems the bonds at 98, what is the amount of gain or loss on redemption? Select the correct answer. $9,512 loss $14,268 loss $9,512 gain $14,268 gain

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